Are you stuck on the #1 problem for people wanting to get into real estate – knowing where to begin? We’re coming to the end of 2020 and I think it’s safe to say that we all want 2021 to be much different. I want to help you prepare to kick-off 2021 successfully with your Action Plan for sandwich lease options!
This is About How You Start Your Action Plan to Earn Over $100,000 in 2021!
Sandwich Lease Options Can Earn $100,000 for 10 Hours of Work Per Week
Do I believe you can earn $100,000 with sandwich lease options in 2021 by working at it 10 hours a week? The answer is absolutely YES! But let’s be crystal clear. You are going to have to put in the 10 hours a week. Your action plan must be based on consistent effort. It does not mean 10 hours the first week and then 7 hours the second week and then 5 hours the third week and so on.
If you work full time, then 10 hours may be all you can do until your bank account convinces you that you can consistently earn a six-figure income from sandwich lease options. If you are not working full time, then I suggest you beef it up and do more. My courses are specifically structured so that you can go at your own pace. But if you don’t consistently put in at least 10 hours a week, you won’t make steady progress. You’ll lose your enthusiasm when results don’t happen fast enough… fast enough means having your first deal in January.
When you do put real effort into taking control without ownership….
You’ll soon be eager to move up to more advanced techniques like the Wealth Building Arsenal and Get the Deed “Subject To.”
Structuring Your Sandwich Lease Option Action Plan
As the weeks move along, you WILL get sandwich lease option deals. Something you want to plan for is splitting your time between finding more deals, keeping up with your contacts, and managing tenant-buyers for the deals you already have. It’s important to find a balance here. Keeping everything balanced is key to earning at least $100,000 in 2021. If you don’t keep looking for more deals, you’ll be starting all over again once the deals you have cash out.
Before you even start the plan -read my eBook, Sandwich Lease Options. The order I recommend you complete the courses are:
- Buying on Options
- Working with Realtors
- Selling on Options
- Cooperative Lease Options
- Wealth Building Arsenal
- Get the Deed “Subject To.”
Completing the courses is what you do for the first 2 weeks of your 2021 Action Plan!
Begin Your Planning for 2021
You have a few weeks remaining in 2020 to have a robust plan ready for 2021. Get started NOW! Everyone needs to have goals. For business people, goals are the cornerstone for future plans. Goals provide daily and long term direction, motivation, and clear focus. They enable you to see the forest for the trees. If you ever become confused about what you are working on or towards, a quick glance at your goals instantly puts you back on track.
Goals should be straightforward and emphasize what we want to happen. Specifics help us focus our efforts, clearly define what we are going to do, and how we are going to do it.
S is Specific
M is Measurable
A is Attainable
R is Realistic
T is Timely
Specific is the What, Why, and How of your SMART goals. WHAT are you going to do? Use action words such as direct, organize, coordinate, lead, develop, plan, build, etc. WHY is this important to do at this time? What do you want to ultimately accomplish? HOW are you going to do it? Do it by… taking specific actions.
Measurable. If you can’t measure it, you can’t manage it. Choose a goal with measurable progress so that you can see progress happening. How will you know when you reach your goal? By being specific! “I will have my first house under contract by the end of January” shows the specific target and measurement. “I will make good investments” is not measurable. You want to check your first sandwich lease option off your list before the end of January!
Attainable. When you identify goals that are most important to you, you begin figuring out ways you can make them come true. You develop the attitudes, abilities, skills, and financial capacity to reach them. You begin seeing previously overlooked opportunities to bring yourself closer to the achievement of your goals.
Success breeds success by keeping you motivated.
Realistic. This is not a synonym for “easy.” In this case, realistic means “do-able.” It means the learning curve is not a steep vertical slope; that the skills needed to do the work are available and that the project fits within your overall strategy and goals. A realistic project has the resources available to increase your skills and your knowledge to bolster your confidence.
Timely. Set a clear time frame for the goal: for next week, the end of January, and for the end of 2021. Putting an endpoint on your goal gives you a clear target to work towards. If you don’t set a time, the commitment is too vague. It tends not to happen because you feel you can start at any time. Without a time limit, there’s no urgency to start taking action now. Time must be measurable, attainable, and realistic.
You will benefit financially in 2021 with goals based on the SMART method.
What You Do Today Will Determine Your Success in 2021
You know what to do. Start reading the first book about sandwich lease options. Take notes to build your SMART Plan. Create a timeline to put in at least 10 hours every week. Only check off each week’s 10-hour goal after you actually complete the work.
After you finish the first book, begin setting your goals for 2021. This will be a draft but spend 2 hours working on your goals. Goals are really essential to what you personally want to accomplish. Your action plan gives you a tremendous start on accomplishing the tasks themselves. Your short-term goals need to be ‘to-do’ items on your calendar to make them concrete. Goal #1 – read the book the first week.
Get an accountability partner. Find a friend in your local REIA group –or a friend who is committed to goals also. They might be in a different field but if they are willing to commit to meeting monthly and will hold you accountable to your goals and you to theirs, do it. Set it up, be religious about it, and meet with them monthly to discuss where you are on your goals. 2021 is going to be a great year for you!
By Wendy Patton
For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System with others.
If you found this information useful, please visit again soon at wendypatton.com.
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